Silverado Acquires Memory Care Community in Southlake, Texas

6/1/2015

DALLAS, TX – May 20, 2015 – Silverado today announces the acquisition of an assisted living and memory care community in Southlake, Texas. The company will assume management of the 56-bed community beginning June 1 under the name, Silverado Southlake. As part of the transition process, Silverado — which has more than 18 years of experience caring for people with memory loss of all types and at all stages — will work closely with the previous operator to ensure that resident care remains the top priority.

The six-acre property — located at 2001 East Kirkwood Boulevard, Southlake, Texas 76092 — was developed in 2013. It includes a 39,000 square foot, single-story building and expansive outdoor space. Silverado also plans to develop an additional 22-bed community on a one-acre section of the property. With Silverado Southlake, the company now operates five memory care communities, as well as hospice and at-home care services, in the Dallas/Fort Worth area – providing a complete continuum of services.

“We’re excited to welcome this community into the Silverado family, and we are incredibly proud of our leaders, associates and our association with professionals in the area who make it possible for us to improve the quality of life for those affected by memory impairment,” shares Silverado President, Chairman and CEO Loren B. Shook. “Our goal is always to ensure the best possible care and to enrich the lives of our residents, their families and our associates.”

Silverado operates through a distinct care model that combines the social benefits of a community lifestyle with the support of world-class clinical care. Families will also benefit from current Silverado locations in the area because the company can leverage existing experts in the region to better serve its residents.